In the last 15 years, the structure of swine production in the United States has changed, as seen by the growing scale and specialisation of hog operations.
What is economic explain?Economic still refers to the study of scarcity and how it impacts the utilisation of resources, the production of goods and services, the rise in production and welfare through time, as well as a diverse variety of other complex issues that are very important to society.
What is economic explain?Economics remains the study of scarcity and how it impacts the utilisation of resources, the production of goods and services, the rise in production and welfare through time, as well as a large variety of other complex issues that are very significant to society.
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which normative theory of business ethics would tjx have displayed if it had informed customers as soon as the breach was corrected and told other retailers how to prevent future security breaches?
Social Contract theory of business ethics would tjx have displayed if it had informed customers as soon as the breach was corrected and told other retailers how to prevent future security breaches.
Social contract theory says that human beings stay collectively in society according with an agreement that establishes ethical and political policies of conduct. some people trust that if we stay consistent with a social contract, we will stay morally by using our very own desire and now not due to the fact a divine being requires it.
In moral and political philosophy, the social contract is a theory or version that originated at some stage in the Age of Enlightenment and normally, despite the fact that no longer usually, worries the legitimacy of the authority of the nation over the man or woman.
The goal of a social agreement principle is to reveal that participants of some society have cause to propose and follow the essential social guidelines, legal guidelines, institutions, and/or concepts of that society.
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suppose you read in the paper that the fed plans to reduce money supply. the fed is most likely to do this by
In contrast, the Fed can raise cash and remove money from the economy by selling bonds out of its account in order to reduce the amount of money in circulation.
What happens as the money supply expands?Increased money supply often results in lower interest rates, which encourages more development and more wealth in consumer' hands, which has in turn raises consumption. As a result, businesses increase their orders for materials and increase output.
Why is the amount of money important?In conclusion, the supply of money is crucial because inflation will occur if it increases faster than the economy's capacity to generate goods and services. Moreover, a slow-growing money supply might result in decreased productivity, which can result in
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The wolves pay their aging kicker $637,000 a year. he has agreed to a 13% pay cut. what is his new salary?
the collection which represents all possible risk-return combinations which can be created from portfolios comprised of two individual assets is called the:
A combination that can be created from a portfolio consisting of two individual assets is called an investment opportunity.
What are the two components of portfolio risk?Portfolio risk consists of two components: systemic risk and diversified risk. Systemic risk, also known as systemic risk, is risk that affects all assets, such as: B. General economic conditions and thus systemic risk are not mitigated by diversification.
How is the portfolio's expected portfolio return structured?The basic formula for calculating expected return is to multiply the weight of each asset in the portfolio by the expected return and then add all these numbers together. In other words, the expected return of a portfolio is the weighted average of the individual component returns.
What is a portfolio, its return and risk?Portfolio return refers to the realized gain or loss in an investment portfolio that includes multiple types of investments. Portfolios aim to provide returns based on the stated objectives of the investment strategy and the risk tolerance of the type of investor the portfolio is intended for
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how would you describe recent relations between employers and unions?employers are often perceived to
In recent times, employers have been perceived to attempt to aggressively weaken unions.
What is the meaning of unions?In simple terms, workers who band together and use their collective power to have a say in the workplace create a union.
Workers may bargain with employers about pay, benefits, workplace health and safety, job training, and other work-related problems from a position of power through their union.
Unions play a significant role in ensuring that management treats its employees fairly and with respect.
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xyz, a us company has a subsidiary in korea. the korean sub sells inventory to a japanese company with the sale denominated in us dollars. between the date of sale and the date the receivable is collected the korean won strengthens 10% against the us dollar. explain if there is a foreign exchange gain or loss or no fx impact and why.
There is a foreign exchange loss in this scenario.
What is foreign exchange?Foreign exchange (Forex or FX) is the trading of one currency for another. It is the largest and most liquid financial market in the world. The Forex market is open 24 hours a day, five days a week, and is made up of banks, different commercial companies, central banks, hedge funds, investment management firms, and individual investors. In the Forex market, currencies are traded in pairs, such as the US Dollar and the Euro, or the British Pound and the Japanese Yen. When a trader buys or sells a currency pair, they are effectively buying one currency and selling the other. Forex trading is conducted over the counter (OTC) and is not centralized on an exchange, as with the stock and futures markets. Forex traders are seeking to make a profit by speculating on the value of one currency compared to another.
This is because when the Korean subsidiary sells inventory to the Japanese company, the sale is denominated in US dollars. However, between the date of sale and the date the receivable is collected, the Korean won strengthens 10% against the US dollar. This means that the US dollars the Korean subsidiary will receive are worth 10% less than they were when the sale was made. Therefore, the US company will incur a foreign exchange loss because they will receive less money than they expected.
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in the late 1970's, nike ran up against an out-of-date law that almost bankrupt the company. what was the name of that law used throughout the book shoe dog?
This same name of something like the lord that was utilized all through the book shoe dog was American selling price.
What exactly do you mean by "company"?
A corporation is a legal entity created by a group of people to interact in and operate a commercial or industrial enterprise. Guess it depends on the business law of its jurisdiction, a company can be organized in a variety of ways for tax and current burden purposes.
Why is this company significant?
It promotes collaboration among coworkers in businesses by using tools such as sharing files. It enhances communication. By letting your business to schedule essential deadlines as well as meetings on your online meeting and communicate that information in bulk, technology reduces stress.
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an asset manager wishes to reduce his exposure to the small cap stocks in his portfolio by using a swap in which he agrees to pay a dealer the return on a small-cap index based on a notional $50,000,000. in return, the dealer agrees to pay him a fixed return of 5% on the same notional amount. the payments are semi-annual and the fixed payments are based on a 30-day per month and 365-days per year calculation. if the small cap index goes moves from 205.00 to 200.00 during the semi-annual period, what net payment will the dealer pay to the asset manager at the end of the period? $2,482,877 $2,452,389 $2,423,353 $2,395,667 $1,232,877
As per the terms, the of the agreement following are payment terms-
1. Asset manager will pay the returns on the small-cap index (any negative return will be received by him)
2. The dealer will pay a fixed return of 5% p.a to the asset manager
Hence, the dealer will pay a net amount of $ 2,514,927.99 or $2,514,928 (loss on small cap index and the fixed payment of interest)
Amount invested by asset manager- $ 50,000,000.00
Current index value- $ 195.00
No. of index futures bought- 256,410.26
Value of index after 6 months $ 190.00
Value of futures bought by asset manager- $ 48,717,948.72
Return to an asset manager (a) $ (1,282,051.28)
(any return is to be paid by the dealer, thus he will pay for the loss on index futures)
Notional Amount $ 50,000,000.00
Interest rate p.a 5%
Total Interest for 365 days $ 2,500,000.00
Equivalent interest for 180 days (b) $ 1,232,876.71
The total amount to be paid by the dealer (a+b) $ 2,514,927.99
In financial accounting, an asset is any aid owned or controlled by means of a commercial enterprise or an economic entity. it's miles anything (tangible or intangible) that can be used to produce a positive financial fee. assets represent the price of possession that may be converted into coins (even though cash itself is likewise considered an asset). The stability sheet of the firm information the economic fee of the assets owned by way of that firm. It covers cash and different valuables belonging to a man or woman or to a commercial enterprise.
Belongings may be grouped into two important instructions: tangible assets and intangible belongings. Tangible property includes various subclasses, consisting of current belongings and glued belongings. the cutting-edge property encompasses coins, inventory, and bills receivable, at the same time as fixed assets consisting of land, buildings, and equipment. Intangible properties are non-bodily sources and rights which have value to the company due to the fact they give the company a bonus within the market.
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robin company had net income of $67,000. the company had 9,000 weighted average common shares outstanding. the basic earnings per share equal $7.44 per share. group startstrue or false
True. The basic earnings per share is calculated by dividing the net income by the weighted average common shares outstanding. In this case, $67,000 divided by 9,000 = $7.44 per share.
What is share?Share is the act of giving something of value, such as a portion of a company's profits or ownership, to someone else. It is also the process of owning and trading stocks, bonds, or other investment instruments with the expectation of earning a return on the investment. Shareholders are individuals who own shares in a publicly traded company, and they are typically entitled to a portion of the company's profits and voting rights in company matters. Companies typically issue shares to raise capital for business operations, and the shareholders will benefit from any positive return on the investment. Shareholders also have the obligation to bear any losses the company may incur.
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after five brewing company and the afl-cio are in an eight-month-long labor dispute. the afl-cio has called on its membership and the general public to refuse to purchase after five brewing products. the afl-cio is calling for a
the afl-cio has called on its membership and the general public to refuse to purchase after five brewing products. the afl-cio is calling for a primary boycott.
What is primary boycott?When a nation forbids trade with another, this is referred to as a main boycott. The main boycott is the Arab nations' unwillingness to conduct business with Israel. It is a "primary" or "direct" boycott in this context as opposed to a "secondary boycott," which targets companies that are not parties to the industrial dispute but supply to or buy from the employer that the union is in conflict with. Take a labor issue with a dairy as an illustration. Since 1979, the Export Administration Regulations (EAR) have made it illegal for citizens of the United States to take part in unofficial boycotts of nations that support the United States. The main issue at hand is the boycott of Israel by the Arab League.
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if you create a recommended pivottable on a group of data about book sales with these columns: discipline (i.e. business), area (i.e. finance and marketing), units sold, wholesale price, what column might excel use as values?
If you make a Recommended PivotTable on a set of data about book sales with the following columns: Discipline (i.e., Business), Area (i.e., Finance and Marketing), Units Sold, Wholesale Price, Units Sold column, might Excel utilize as values,
When constructing a pivot table, you must provide the location of the data.When building a pivot table, you must specify where the data sources are. Excel might help you find the data range, but you should still double-check it. Pivot tables update themselves automatically if the source data changes.
Which Excel region in a pivot table houses the details for the data that makes up that pivot table?On the right side of the worksheet, a task window called PivotTable Fields is active. Filters, Columns, Rows, and Values are the four parts where different field names can be entered to create a pivot table. A checklist of the fields from which to select data is also included in the task pane.
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a broad-line distributer marketss its own brand of canned fruits and vegetables. what action can a buyer take during a bid process to ensure that these products meet quality standards as outlined in the bid specification?
Provided that this is a half bid auction, where the top bidder pays the second highest price for the item out for auction sale, if b1>b2, then b1 receives the item for the amount of b2, and vice versa.
Why do you use the word "auction"?In an auction, price competition for an item by submitting offers. Live and online bidding are also options for auctions. Bidders are unaware of competing bids at a closed auction, such as the sale of a company. Buyers are aware of each other's bids in an open sale, such as an livestock auction.
How can I bid at an auction to receive the best price?A lot of the time, auctioneers begin an item at a premium cost and then
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by analyzing the income statement, what amount of money is left over at the end of the year from the business once everything is accounted for?
The amount of profit your business has remaining after all costs have been met is known as net income. Total revenue here refers to all money made from selling goods or services.
What is included in the financial statements?
The revenues, expenses, and profitability of a company are shown on a net income over time. It is also frequently referred to as an income (P&L) or financial report. Your sales revenue for products and services is shown.
What are an example of an income statement?
An income statement is a financial statement that lists the revenue and expenses of the company. Additionally, it displays a company's profit or loss over a specific time frame. The balance sheet and income statement
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the western capital growth mutual fund has: total assets $ 809,500,000 total liabilities $ 5,900,000 total number of shares 40,000,000 what is the fund's net asset value (nav) per share? (round your answer to 2 decimal places.)
The net asset value is $ 809,500,000.
The required details about net asset value is mentioned in below paragraph.
Net asset value is the cost of an entity's property minus the cost of its liabilities, regularly in terms of open-quit or mutual price range, on the grounds that stocks of such price range registered with the U.S. Securities and Exchange Commission are redeemed at their internet asset cost. Net asset value NAV) is the cost of a fund's asset much less the cost of its liabilities in keeping with unit. NAV = (Value of Assets-Value of Liabilities)/variety of gadgets first rate.NAV is calculated with the aid of using dividing the overall cost of all of the coins and securities in a fund's portfolio, minus any liabilities, with the aid of using the variety of first rate stocks. The NAV calculation is crucial because it tells us how plenty one percentage of the fund must be worth.
net asset value =(assests - liabilities) / overall stocks
=$ 809,500,000-$ 5,900,000/40,000,000
=$ 809,500,000
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trisha manages a sales force that sells laboratory supplies to university science labs. she wants to implement a reward program for high performance based on the principles of expectancy theory. any rep whose territory bills over $500,000 in sales will win a trip for two to a caribbean island. last year the high billing territory made $400,000 in sales. as the outside consultant on the rewards program project, you suggest that she ask around to make certain that this is something the reps would enjoy. your other advice is
she asks around to make certain that this was something the reps would enjoy. your other advice is To consider whether the sales reps believe that this reward is attainable.
The Caribbean is an area of the Americas that consists of the Caribbean Sea, and its islands (a few surrounded by the Caribbean Sea and a few bordering the Caribbean Sea. The area is southeast of the Gulf of Mexico and the North American mainland, east of central the USA, and north of South America.
The area takes its name from that of the Caribs, an ethnic institution present inside the Lesser Antilles and components of adjoining South the USA at the time of the Spanish conquest of the Americas. The word "Caribbean" has more than one makes use. Its important ones are geographical and political. The Caribbean can also encompass territories with sturdy cultural and historical connections to Africa, slavery, European colonization, and the plantation device.
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Suppose the government wants to levy a new excise tax. For each of the following goods, determine whether you would expect an excise tax to result in large or small deadweight loss.
a. Alcohol Deadweight loss is relatively (Click to select)
b. Milk Deadweight loss is relatively (Click to select)
c. Diamonds Deadweight loss is relatively (Click to select)
d. Tropical vacations Deadweight loss is relatively (Click to select)
e. Socks Deadweight loss is relatively (lick to select)
Suppose the government wants to levy a new excise tax. For each of the following goods, determine whether you would expect an excise tax to result in large or small deadweight loss is a. Alcohol Deadweight loss is relative.
Whilst items are oversupplied, there is a dead weight loss. as an instance, a baker can also make one hundred loaves of bread but most effectively sell 80. The 20 final loaves will cross dry and moldy and will be thrown away – resulting in a deadweight loss.
The deadweight loss is the vicinity of the triangle bounded by means of the right edge of the grey tax income box, the unique supply curve, and the call for the curve. it's miles known as Harberger's triangle.
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advergaming is a medium that marketers can use to communicate their big idea to their target market. group of answer choices true false
Advergaming is a medium that marketers can use to communicate their big idea to their target market. True
An advergame is a type of video game advertising where the game is created by or in close association with a business body to promote a particular brand of merchandise. Advergames are frequently marketed to children, who are more receptive to the persuading messages that can be incorporated into them. Parents and child advocacy groups have expressed concern about the potential impact that such advertisements, particularly those for food-based products, may have on children's behavior. For home video game consoles and personal computers, many advergames were created throughout the 1980s and 1990s. However, with the widespread availability of the Internet, browser games became a well-liked delivery method for advergames.
Compared to earlier advertising games and other types of games, these games were less expensive to develop.
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what were some of the effects of the trade policy changes under gatt? multiple select question. tariffs were reduced by 33% on average. intellectual rights were given more protection. quotas on agricultural goods were phased out. tariffs replaced quotas on apparel and textiles.
Quotas on clothing and textiles were superseded with tariffs. The average reduction in tariffs was 33%. More protections was provided to intellectual property rights.
Why is commerce so crucial?Trade is essential to the prosperity of the United States so it boosts economic expansion, promotes domestic industry, raises living standards, and enables citizens to sustain their families with reasonably priced items and services.
What exactly does trading in commerce mean?Any action conducted to generate money from the sale of things or the provision of services falls within the definition of industry or business. It is not restricted to integrated aggregation of assets, operations, and goodwill that constitute companies for the purposes of other Internal Revenue Code sections.
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two wheeler dealer had sales totaling $198,464 last year. the cost of the goods sold was $177,228. expenses totaled $60,905. what was the net profit margin for the year?
The net profit margin for the two wheeler dealer in this question would be 30.45%.
How to find net profit margin ?Net profit margin is a financial ratio that reflects the percentage of total sales that represents the profit after all expenses have been subtracted. It is calculated by dividing the net profit (total sales minus all expenses) by the total sales for a given period of time, such as a year or quarter.
To find the net profit margin for the two wheeler dealer in this example, you can use the following formula:
Net profit margin = (Total sales - Cost of goods sold - Expenses) / Total sales
Plugging in the values given in the problem, we get:
Net profit margin = ($198,464 - $177,228 - $60,905) / $198,464
This simplifies to:
Net profit margin = ($60,331) / $198,464
Which is equal to:
Net profit margin = 0.3045 or 30.45%
So the net profit margin for the two wheeler dealer in this example would be 30.45%. This means that 30.45% of the total sales represents the profit after all expenses have been subtracted.
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a retail employee overcharges a customer for an item and then pockets the difference. this practice is best identified as a (an):
A retail employee at a store overcharges a customer and keeps the extra money. The appropriate classification for this behavior is occupational crime.
What characterizes a good retail worker?To find the ideal answer to the customer's problem, a good retail employee listens to their clients, ascertains what they need and want, and puts themselves in their shoes. Active listening abilities, which are essential for being a great salesperson, are brought on by empathy. An occupation that involves selling goods to customers is known as retail. There are numerous shops, offices, and businesses that offer retail jobs. Three of the top five causes that stress out employees are long hours, unreasonable job requirements, and inadequate pay. The fast pace and high customer service expectations faced by employees at grocery stores and general retailers present extra difficulties and frequently result in employee burnout.
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in 2009 the price index moves from 100 to 104, the inflation rate is . in 2010 the price index moves from 107 to 111, the rate of inflation is . this is an example of
The numerical results of a calculation based on a basket of goods can get a little messy. To simplify the task, the price level in each period is typically reported as an index number, rather than as the dollar amount for buying the basket of goods. Index numbers are unit-free measures of economic indicators. Index numbers are based on a value of 100, which makes it easy to measure percent changes. We’ll explain this shortly.
Inflation is calculated by taking the price index from the year in interest and subtracting the base year from it, then dividing by the base year. This is then multiplied by 100 to give the percent change in inflation.
[tex]Inflation (Price Index in Current Year Price Index in Base Year )[/tex][tex]^* 100$[/tex]
Price Index in Base Year
From our previous example:
[tex]$$\text { Inflation }=\frac{(120-100)}{100} * 100=0.2 * 100=20 \%$$[/tex]
Thus from 2006 to 2007 , inflation has risen[tex]$20 \%$.[/tex]
In this context, inflation is measured as a percentage change in the price index from one period to the next.
If the percentage change in the price index is negative it shows deflation rather than inflation.
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The Federal Reserve is worried about rising prices, so it has decided to decrease the money supply. The government wants to encourage economic growth, so it has decided to cut taxes. This situation shows that the Federal Reserve and the government can have _____ goals.
The Federal Reserve has chosen to reduce the amount of money in circulation because it is concerned about growing prices. The administration has chosen to reduce taxes in order to promote economic growth. This instance demonstrates how the objectives of the Federal Reserve and the state can diverge.
What is Economic growth?The rise or improvement in the market value of the commodities and services generated by an economy within a fiscal year is referred to as economic growth. Statisticians typically gauge this growth as a percentage rate of growth in the real GDP, or gross domestic product.
To remove the distorting influence of inflation on the prices of produced items, growth is typically calculated in real terms, i.e., terms adjusted for inflation. National income accounting is used to calculate economic growth. The benefits and downsides of that approach are present since economic growth is calculated as the annual percent change of GDP. Utilizing the GDP to population ratio, it is common practice to compare the economic growth rates of various nations.
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assume that each of the following individuals has a diagnosis of bulimia nervosa. which one of them is most likely to engage in an episode of binge eating at this point? group of answer choices diane, who is watching television and feels sleepy as she listens to the reports of political polls suchira, who just won a scholarship to the college she wanted to attend and is going out to celebrate penelope, who is upset over failing two exams and just had an argument with her parents farrah, who is working what will happen to her town now that a major employer has cut back on jobs
This Standard's goal is to provide the accounting treatment of intangible assets that aren't covered in-depth by another Accounting.
What types of assets are intangibles?An asset that lacks a physical form is said to be intangible. It is a long-term asset with annual value growth. Intellectual property, name recognition and image, relationships, or goodwill are a few examples of intangible assets.
What are assets, both tangible and intangible?Equipment and inventory are examples of tangible assets, whereas valuable intangible assets are assets that cannot be seen (such as trademarks). Assets can be purchased and traded and both assets have value. A tangible asset's value can be determined more readily than an intangibles.
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assume a monopolistic publisher has agreed to pay an author 10 percent of the total revenue from the sales of a book. will the author and the publisher want to charge the same price for the book?
Assume a monopolistic publisher has agreed to pay an author 10 percent of the total revenue from the sales of a book. In this situation, the author and publisher have an agreement that requires the publisher to provide the author 10% of the total income for each item sold in the market. Because the publisher must pay the author a 10% sale fee in this instance, the publisher will set the price higher than the author.
What is a monopolistic publisher?Generally, In general, the author and the publisher will have different objectives when setting the price for a book. The author will typically want to maximize their share of the revenue, while the publisher will want to maximize their own profit.
If the publisher is a monopolist, they will have more control over the price of the book. The publisher may consider the costs of producing and distributing the book, as well as the demand for the book and the prices of similar books when setting the price.
The author, on the other hand, will be more interested in the percentage of the total revenue that they will receive, which in this case is 10%. If the publisher sets a higher price for the book, the author will receive a larger share of the total revenue, even though the total number of books sold may be lower.
Therefore, it is possible that the author and the publisher may have different preferences when it comes to setting the price for the book. The final price will depend on the negotiation and agreement between the two parties.
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in most courts, accountants are subject to liability for negligence only to their clients. true false
Most courts allow accountants to be held negligently accountable to any known recipients of their financial reports. The Restatement (Second) of Torts allows for the liability of accountants for negligence.
What are assets and liabilities?
Assets are things a firm owns, and liabilities are debts. On a company's balance sheet, a financial statement that describes the financial situation of the company, both are displayed. Assets less Liabilities equal Equity
What kind of liability is most typical?
Liabilities that must be paid in cash and for which the amount and timing are predictable are the most prevalent. Which of the following qualifies as a liability's attribute? It stands for a likely future loss of financial advantages.
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ref 29-7 charlotte withdraws $8,000 from her checkable bank deposit to pay tuition this semester. assume that the reserve requirement is 20% and that banks do not hold excess reserves. (scenario: money supply changes ii) by how much will the money supply contract as a result of the withdrawal?
When the $8,000 deposit was lying in the bank, no excess reserve existed. As $8,000 is withdrawn, there is an $8,000 decrease in deposits and an $8,000 decrease in reserves.
A deposit is an act of setting cash (or coins equivalent) with a few entities, most typically with a monetary organization, which includes a financial institution. The deposit is a credit score for the birthday celebration (man or woman or agency) who placed it, and it can be taken lower back (withdrawn) according to the phrases agreed at the time of deposit, transferred to a few different birthday celebrations, or used for a buy at a later date.
A call for deposit is a deposit that can be withdrawn or in any other case debited on brief observation. Transaction accounts (known as "checking" or "current" accounts relying on the united states of America) may be used to pay different parties, whilst savings accounts are generally payable simplest to the depositor or some other bank account and might have limits on the frequency of withdrawal.
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fully grown parent cells split into two halves resulting in two daughter cells with the exact dna as the parent.
Binary fission involves the division of the parent organism into two halves.
What precisely is binary fission?Binary fission is asexual reproduction in which the organism is divided into two new bodies. An organism copies its genetic material, or deoxyribonucleic acid (DNA), in the process of binary fission, and separates into two pieces (cytokinesis), with each new organism acquiring one copy of DNA.
What is a fission example?In the fission process, energy is produced by dissolving large atoms, like uranium, into smaller atoms, like iodine, caesium, strontium, xenon, and barium, to mention a few. To create the heavier helium, fusion combines light atoms, such as the deuterium and tritium isotopes of hydrogen.
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the choices that a firm has for entering the international market include all of the following except: a. exporting. b. acquisition. c. licensing. d. leasing.
The alternatives that a company has for getting into the worldwide marketplace consist of all the following except:d. leasing.
The required details about leasing is mentioned in below paragraph.
A leasing is a legal, binding agreement outlining the phrases beneathneath which one celebration concurs to hire assets owned with the aid of using any other celebration. It ensures the tenant or lessee use of the assets and ensures the assets proprietor or landlord normal bills for a unique length in exchangeLease accounting is the method with the aid of using which a organisation data the economic affects of its leasing activities. leasing that meet particular class necessities ought to be recorded on a organisation's economic statements.Leasing is a manner of renting an asset that the enterprise requires, which include a espresso machine. Monthly bills are made and the leasing organisation is liable for the supply and protection of the leased item.
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according to the systems viewpoint, the part of a system that involves turning raw materials and knowledge into a new and different product or service is called . multiple choice question. inputs outputs product and service feedback transformational processes
according to the systems viewpoint, the part of a system that involves turning raw materials and knowledge into a new and different product or service is called transformational processes.
Systems Viewpoint refers to systems and interconnections that provide or support DoD functions. The Department of Defense's functions include both warfighting and business functions. The Systems Models link system resources to operational and capability needs.
The transformation process aids in the improvement of an organization's management by implementing changes for the company's growth. It essentially entails various types of activities for adding various types of input into the system in order to produce effective products and services for customers. This is referred to as the transformation process.
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when an increase in the scale of production leads to higher average costs, the industry exhibits a. diminishing returns. b. increasing returns to scale. c. decreasing returns to scale. d. constant returns to scale.
When an increase in the scale of production leads to higher average costs, the industry exhibits diminishing returns.
Option A is correct .
How does production volume affect price?The higher the production volume, the lower the fixed cost per unit. Economies of scale also lead to lower average variable costs (average non-fixed costs) as output increases. This is achieved through operational efficiencies and synergies as a result of increased production scale.
What happens to the average total cost as production increases?As the total number of units of production produced increases, the average fixed cost decreases because the same amount of fixed cost is distributed among more units of production.
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